TOTAL MARKET CAP ANALYSIS

The total crypto market cap is currently consolidating within a rising wedge pattern, trading just below the resistance trendline. The Ichimoku Cloud is showing strong bullish momentum, indicating potential upward pressure.

A breakout above the wedge would likely signal a new high for the total market cap. However, given the nature of the rising wedge, there's also a risk of a breakdown. It's crucial to monitor the price action closely at this key level.